The Union Of India & Ors. vs Rai Singh Deb Singh Bist & Anr.

Whether the Income Tax Officer had valid jurisdiction to issue reassessment notices under Section 34(1)(a) of the Indian Income Tax Act, 1922 after assessments were finalized based on settled agreements and earlier investigations into cash credits --- Held No, as the Department failed to establish the existence of relevant material forming the basis for the ITO's belief about escaped income and failed to produce required records, leading to adverse inference against the Department.